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FB Liquidating Estate receives three-month exclusivity extension
By Caroline Salls
Pittsburgh, Dec. 16 - FB Liquidating Estate, Inc., formerly Filene's Basement, Inc., received a three-month extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The company's exclusive plan-filing period was extended to March 1 from Nov. 30 and the solicitation period to April 30 from Jan. 28.
FB said it believes the extension would allow the company and its official committee of unsecured creditors to proceed toward confirmation of their joint plan, which was filed on Nov. 18.
Filene's Basement was a Burlington, Mass.-based discount retailer. It filed for bankruptcy on May 4, 2009. Its Chapter 11 case number is 09-11525.
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